Low Income Apartments and Affordable Housing For Rent in Maxwell, NM

Discover affordable housing in Maxwell where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

522 Parque Ave

522 Parque Ave, Maxwell, New Mexico 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Maxwell, New Mexico
$16.61/hour
$4.61 (+38%) more than New Mexico minimum wage and $9.36 (+129%) more than the Federal minimum wage.
Learn More About Maxwell, New Mexico Affordable Housing ↓

What HUD offices serve Maxwell, New Mexico?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Veteran Affairs Supportive Housing (VASH) programs for Maxwell, New Mexico.

Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Maxwell.

How many renters live in Maxwell, New Mexico?

The City of Maxwell has 482 people living in 140 households.

There are 167 renters living in 58 renter households in this City. Renters make up 34.65 percent of the population living in Maxwell.

What is the rental market like in Maxwell, New Mexico?

There are an estimated 181 housing units in the Maxwell area. Of these, 69 units are rental homes, making up 38 percent of the housing market. For every renter household in Maxwell, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Maxwell?

The rental vacancy rate in Maxwell is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Maxwell for each bedroom size?

Occupied Rental Units by Size in Maxwell
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 9 17 26 1
Occupied Rental Units by Size in Maxwell

A large number of apartments in Maxwell have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Maxwell are overburdened by housing costs?

Among renter households in this market, 26 percent have housing cost burden. Further, 0 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Maxwell

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $760 to $1,372. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $760
One BR $781
Two BR $877
Three BR $1,158
Four BR $1,372
2024 Fair Market Rents in Maxwell, New Mexico

How many units are rented at Fair Market Rent (FMR) in Maxwell?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 5 100 percent
One BR 9 100 percent
Two BR 17 100 percent
Rental Units Below FMR in Maxwell, New Mexico

How many affordable rental units are in Maxwell?

There are a variety of federal affordable housing programs serving households in Maxwell, New Mexico including the following:

Federal Program Unit Count
Public Housing 22
Tracked Units by Federal Program in Maxwell, New Mexico

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Maxwell, New Mexico

Maxwell features 22 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Maxwell, New Mexico

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Maxwell.

Housing Choice Vouchers in Maxwell, New Mexico

On average, Section 8 Housing Choice vouchers pay Maxwell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Maxwell.

The maximum amount a voucher would pay on behalf of a low-income tenant in Maxwell, New Mexico for a two-bedroom apartment is between $789 and $965.

Sourced from federal housing data and AffordableHousingOnline.com research.